Corporate executives and directors are apparently bereft of ideas and the confidence to make long-term investments. Rather than using record profits, and record amounts of borrowed money, to invest in new plants and equipment, develop new products, improve service, lower prices or raise the wages and skills of their employees, they are “returning” that money to shareholders. Corporate America, in effect, has transformed itself into one giant leveraged buyout….

If you want to get an idea of the long-term consequences of Trump’s recent corporate tax cuts, this article ought to scare the pants off you.

I have written many posts about the harm that vulture capitalists do with their leveraged buyouts and taking publicly traded companies private. Turns out, CEOs of publicly traded companies have figured out how to do this without having to take the company private.

In simple terms, they strip the assets of the company, put the company into huge debt, pay themselves more than handsomely, then walk away to let someone else try to pick up the pieces.